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TODAY'S OTHER NEWS

The Nottingham launches new buy-to-let products

The Nottingham has introduced a new range of buy-to-let products, which are available at up to 75% loan-to-value (LTV). 

The society’s new two-year fixed rate product is available at a borrowing rate of 1.69% with a £999 fee, while there is also a two-year fix on offer at 2.09% with no fee.

The Nottingham has also launched a five-year fix at 2.04% with a £1,999 fee and a five-year fix at 2.28% with no fee.

Meanwhile, The Nottingham has reduced the rate of its existing 65% LTV buy-to-let five-year fixed product from 2.4% to 1.94%, subject to a £1,999 arrangement fee.

Buy-to-let applications have also been widened to allow for purchases as well as remortgages.

Nikki Warren-Dean, head of intermediary sales at The Nottingham, commented: “Our plan was always to return to this space.

“It’s a key part of our strategy and we are delighted to introduce another range of highly competitive products built around what brokers and their clients want.”

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